This property looks like a bad Mid-Term investment with a projected -6.01% first-year return on $77,850 initial cash invested.
-6.01%
Cash On Cash
5.28%
Cap Rate
0.81
DSCR
$2,400
Rent
-$390
Cashflow
Cash Flow
$2,400 income − $2,790 expenses = $390 out of pocket
Investment Breakdown
|
Purchase Price
$285k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,850
Downpayment
20%
$57,000
Closing costs
1%
$2,850
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,400
Total Expenses
$2,790
Mortgage P&I
65%
$1,549
Property Taxes
14%
$325
Home Insurance
4%
$100
HOA
0%
$0
Property Management
12%
$288
CapEx
4%
$96
Vacancy
3%
$72
Maintenance
4%
$96
Other
11%
$264